Dan Frey Home Loans
Call Dan

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$306,248$306,248$374,310
Remaining term (yrs)25.025.030.0
Secondary amount$0$68,062$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%4.688%7.640%
1st payment$1,426.74$1,426.74$2,591.65
2nd payment$0.00$510.47$0.00
Taxes / mo$226.33$226.33$226.33
Insurance / mo$150.00$150.00$150.00
MI / mo$243.43$243.43$74.86
HOA / mo$35.33$35.33$35.33
Total monthly$2,081.83$2,592.29$3,078.17
Cash to close$109,652$41,590$41,590